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Investors Can Influence Firms Via Dear CEO Letters

The Horizons Tracker

BlackRock was the focus of the study because, with over $9 trillion in assets under management, they are the largest asset manager in the world, with stakes in over 3,000 firms. They started their “Dear CEO” letters in 2012 and have prompted other investment firms to follow suit.

Letter 109
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How CFOs Can Take the Long-Term View in a Short-Term Economy

Harvard Business Review

Investors are increasingly seeking firms with long-term growth strategies, rather than ones focused on managing short-term earnings to boost the stock price. As head of the world’s largest asset manager, with $4.6 In 2012, John Deere CEO Samuel Allen began releasing long-term, aspirational revenue targets for 2018.

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Japan Is Counting on Shareholder Activism to Improve Its Economy

Harvard Business Review

In Japan several factors combine to help insulate managers from outside influence, including cross-holdings where the company owns shares in a partner firm, docile boards mostly composed of company executives, and a court system historically biased against investment funds.

ROE 8
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Who Should Actually Have Say on Pay?

Harvard Business Review

That''s up from 69% in 2012 and 2011. Say-on-pay is part of a big shift in recent years toward giving professional money managers more tools to affect the governance of (and in some cases discipline the managers of) corporations. What shareholders have been saying, in overwhelming numbers, is yes! That''s understandable.

Hedge 8
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The “40-Year-Old Intern” Goes to Wall Street

Harvard Business Review

Morgan Asset Management’s Head of Diversity Gordon Cooper told me his firm is now introducing a Legal ReEntry Program. (In In November 2012, I wrote an article for HBR about the emergence of returning professional internship programs across a wide range of sectors: for-profit, non-profit, military and academic institutions.

Ulrich 8
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Spain Is Now Making Ireland's Mistakes

Harvard Business Review

By March 2012 unemployment was 24.1 Ireland has managed to avoid such social unrest for a variety of reasons, but indicators of social disruption like suicide, depression, and crime have all increased markedly as overall unemployment reached 14.5 percent and youth unemployment reached 29 percent in early 2012.

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The End of Economists' Imperialism

Harvard Business Review

Lazear went on to describe how economists, with the University of Chicago's Gary Becker leading the way , had been running roughshod over the other social sciences — using economic tools to study crime, the family, accounting, corporate management, and countless other not strictly economic topics.

Tversky 10